You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value? Assume all the annuities have the same interest rate.

Group of answer choices

An annuity that pays $500 at the beginning of every six months

An annuity that pays $500 at the end of every six months

An annuity that pays $1,000 at the beginning of each year

An annuity that pays $1,000 at the end of each year

An annuity that pays $1,000 at the end of every other year